Nelson Funding is proud to announce the successful closing of a $5,060,000 construction facility to fund the ground-up development of 14 single-family residences (SFRs) in Concord, California. This transaction underscores our expertise in California homebuilder finance, providing a strategic capital solution in one of the East Bay’s most supply-constrained residential markets.
As a premier CA debt broker, Nelson Funding worked closely with the developer to secure a facility that offers both the leverage and the flexibility required to execute a multi-unit project of this scale. By bypassing traditional institutional hurdles, we provided the certainty of execution necessary to break ground on all 14 units simultaneously.
Transaction Highlights
- Loan Amount: $5,060,000.00
- Project Type: 14-Unit Single-Family Residential (SFR) Subdivision
- Location: Concord, CA (Contra Costa County)
- Loan Purpose: Ground-Up Vertical Construction
- Key Financing Class: CA high leverage construction loans
Strategic Capital for Bay Area Homebuilders
Concord continues to be a high-demand submarket for families seeking modern housing with easy access to the BART and major Bay Area employment hubs. For this 14-home project, Nelson Funding utilized specialized California spec loans that eliminated the need for pre-sale requirements, allowing the builder to maximize their return by selling into a high-demand market upon completion.
Our team specialized in structuring CA construction loans for homebuilders that focus on:
- High Leverage: Maximizing Loan-to-Cost (LTC) to preserve the developer’s liquidity for future site acquisitions.
- Flexible Draw Schedules: Ensuring a steady flow of capital to keep construction timelines on track.
- Competitive Pricing: Securing aggressive rates in a shifting interest rate environment through our extensive private and institutional lending network.
“The Bay Area housing market requires a lender that can move at the speed of development,” said Dylan Nelson, Founder and President of Nelson Funding. “Closing this $5.06M facility in Concord demonstrates our capacity as a leading CA debt broker to deliver CA high leverage construction loans that make sense for the developer. We are excited to see these 14 homes come to fruition and contribute to the vibrant Concord community.”
Your Partner for California Residential Development
Nelson Funding remains a top choice for developers across the Golden State seeking California homebuilder finance. From luxury infill projects to multi-unit subdivisions, we provide the private and institutional debt solutions necessary to keep your projects moving forward.
Our California programs feature:
- Spec-Friendly Underwriting: Aggressive terms for California spec loans without the “pre-sale” red tape.
- National Reach, Local Expertise: Deep knowledge of California’s unique regulatory and development landscape.
- Reliable Execution: A transparent process from initial term sheet to final draw.
About Us:
Nelson Funding is a nationwide commercial loan broker and direct lender helping borrowers get the best possible financing for their respective projects. Nelson Funding has provided financing for over 80 projects and placed more than $600mm of capital. Nelson Funding has the experience to get almost any project funded: from new construction to cash-out refinances, land development, and more. Nelson Funding specializes in construction funding, bridge funding, and conventional term financing products.
Nelson Funding remains committed to helping our clients secure the best financing for their respective commercial real estate projects despite a rising interest rate environment and tightening lending standards. With Nelson Funding’s capital market relationships and highly experienced team we are still placing high leverage debt for all deal types including land development, single family construction, multifamily construction, industrial, office, retail, hospitality, special-use, cannabis and more.
